Global Wellesley Income Fund Investor Shares (VGWIX)

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Indexed to Global Wellesley Income Comp Index

  Fact sheet (03/31/2018)

Total returns

Expense ratio 0.42%
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Expense ratio 0.42%
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  Recent returns Average annual
0%
-1
-2%
 
 
 
  Quarter-end Year-to-date 1 year 3 year 5 year 10 year Since

11/02/2017

VGWIX* ** – 1.34% – 1.34% – 0.41%

Global Wellesley Income Composite Index in USD

– 1.75% – 1.75%

The difference in a fund's non-fee adjusted return versus an identified benchmark or peer group.

0.41% 0.41%

Note: Fee adjusted for mutual funds where applicable.

* The fund held a subscription period from October 18, 2017 through November 1, 2017, during which time all assets were held directly or indirectly in money market instruments. Performance measurement began November 2, 2017.

** Note: This fund does not have a long enough history to provide annual performance data.

† Weighted 65% Bloomberg Barclays Fixed Income Composite Index (composed of 80% Bloomberg Barclays Global Aggregate Credit Index (USD Hedged), 10% Bloomberg Barclays Global Aggregate Treasury Index (USD Hedged), and 10% Bloomberg Barclays Global Aggregate Securitized Index (USD Hedged)), and 35% FTSE Developed High Dividend Yield Index (net of tax).

Performance analysis

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Showing 11/30/2017–04/30/2018

 

Total return accounts for two categories of return: income and capital appreciation. Income includes interest paid by fixed-income investments, distributions or dividends. Capital appreciation represents the change in the market price of an asset.

Portion of a fund's return attributable to a fluctuation of its Net Asset Value (NAV).

Income return is the portion of total return that results from a periodic cash flow such as dividends.

VGWIX $99,590.32
– 0.4%
$98,852.30
– 1.1%
$738.02
0.7%
VGWIX

Total return accounts for two categories of return: income and capital appreciation. Income includes interest paid by fixed-income investments, distributions or dividends. Capital appreciation represents the change in the market price of an asset.

Portion of a fund's return attributable to a fluctuation of its Net Asset Value (NAV).

$99,590.32
– 0.4%
$98,852.30
– 1.1%

Income return is the portion of total return that results from a periodic cash flow such as dividends.

$738.02
0.7%

11/02/2017

Risk and volatility

as of 04/30/2018
selected
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as of 04/30/2018
 

A measure of how much of a portfolio's performance can be explained by the returns from the overall market (or a benchmark index). If a portfolio's total return precisely matched that of the overall market or benchmark, its R-squared would be 1.00. If a portfolio's return bore no relationship to the market's returns, its R-squared would be 0. At Vanguard, R-squared is based on returns over the past 36 months for both the fund and the index.

A measure of the magnitude of a portfolio's past share-price fluctuations in relation to the ups and downs of the overall market (or appropriate market index). The market (or index) is assigned a beta of 1.00, so a portfolio with a beta of 1.20 would have seen its share price rise or fall by 12% when the overall market rose or fell by 10%. At Vanguard, beta is based on returns over the past 36 months for both the fund and the index.

A measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the fund relative to the return of the benchmark index is a fund's alpha.

Standard

A measure of the degree to which a fund's return varies from its previous returns or from the average of all similar funds. The larger the standard deviation, the greater the likelihood (and risk) that a security's performance will fluctuate from the average return.

A measure of risk-adjusted return. To calculate a Sharpe ratio, an asset's excess returns (its return in excess of the return generated by risk-free assets such as Treasury bills) is divided by the asset's standard deviation.

VGWIX N/A N/A
Broad-based

FTSE Developed Net Tax (US RIC) Index

N/A 10.61% 0.73

Quarterly commentary

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Attribution analysis

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The performance data shown represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited.
The portfolio attribution data shown above is provided by FactSet based on information provided by Vanguard about the fund's daily portfolio holdings as of the market close. Because the fund buys and sells stocks throughout the trading day and not necessarily at the market close, the attribution data shown above is an estimate, and may not precisely reflect actual attribution information. Information noted above does not reflect fair value adjustments to prices of foreign securities held in the portfolio.
Performance data for periods of less than one year does not reflect the deduction of purchase and redemption fees. Maintenance, low balance, and service fees may be assessed by some funds. None of these fees are reflected in the performance figures. If these fees were included, the performance would be lower. All other performance data are adjusted for purchase and redemption fees, where applicable. Click Overview to view expense ratio and additional fee details.
Short-term total return information is provided only as a service. Historical performance is no guarantee of future returns, particularly when reviewing short-term performance. Share price, yield, and return on an actual investment will fluctuate, and you may have a gain or loss when you sell your shares. Average annual returns include changes in share price and reinvestment of dividends and capital gains.
The performance of an index is not an exact representation of any particular investment, as you cannot invest directly in an index. Benchmark comparative indexes represent unmanaged or average returns on various financial assets, which can be compared with funds' total returns for the purpose of measuring relative performance.